StacksVerified U.S. regulatory reference

24 CFR §242.6

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The mortgage, to be eligible for insurance, shall be on property located in a state, as defined in § 242.1. The mortgage shall cover real estate in which the mortgagor has one of the following interests:
  1. (a)A fee simple title;
  2. (b)A lease for not less than 99 years that is renewable; or
  3. (c)A lease having a term of not less than 50 years to run from the date the mortgage is executed.